Equity and Redeemable Non-controlling Interests - Schedule of Redeemable Noncontrolling Interests (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2025	Jun. 30, 2024	Jun. 30, 2025	Jun. 30, 2024
Class Of Stock [Line Items]
Balance at the beginning of the year				$ 434,878	$ 459,862
Conversion to Class I shares					(1,144)
GAAP loss allocation				(19,544)	(12,168)
Distributions				(12,437)	(12,463)
Fair value allocation		$ 11,932	$ 2,771	16,034	16,401
Ending balance		418,931	450,488	418,931	450,488
Special Limited Partner
Class Of Stock [Line Items]
Balance at the beginning of the year	[1]			280,872	295,692
GAAP loss allocation	[1]			(12,623)	(7,851)
Distributions	[1]			(8,033)	(8,033)
Fair value allocation	[1]			10,356	11,146
Ending balance	[1]	270,572	290,954	270,572	290,954
Third-party Operating Partnership Unitholders
Class Of Stock [Line Items]
Balance at the beginning of the year				154,006	164,170
Conversion to Class I shares					(1,144)
GAAP loss allocation				(6,921)	(4,317)
Distributions				(4,404)	(4,430)
Fair value allocation				5,678	5,255
Ending balance		$ 148,359	$ 159,534	$ 148,359	$ 159,534

[1] Includes units transferred to Barry S. Sternlicht, which are deemed to be beneficially owned by Mr. Sternlicht.